PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (131536)	3/13/2001 10:00:27 AM
From: Little Joe	Read Replies (1) of 769667

Neocon: "I am a long term investor, I am happy enough to wait things out." Look at historical charts and you will find a flaw in this thinking. If you bought at the top in 1929. It was the 50's before you were even. Over twenty years. Look again at the charts from the highs in (if memory serves me the early sixties) and you will see it took until the eighties to get even. The fact is that in 1982, at the dead bottom of the market things were so bad that when I called my broker to go from mostly cash to mostly stocks, he tried to discourage me. I do not think this bear will be over until that kind of attitude returns and I do not think the recent highs will be matched for quite some time. Little joe

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